Shougang Steel maintains non-grain oriented electrical steel export price unchanged (28/01/2015) Google Bookmarks

        Beijing-based Shougang Steel, a major electrical steel producer in China maintains non-grain oriented electrical steel export price unchanged for the time being. Considering the stable demand from oversea buyers, insiders believe the mill is unlikely to adjust export prices for non-grain oriented electrical steel within a short term.

          Currently, Shougang’s export price for 50SW800 0.5mm*1,200mm*C is USD675/t FOB Tianjin Port, unchanged compared with that of two weeks ago.

         A sales official from the mill’s export department tells Asian Metal that he usually adjusts export offers according to the demand from foreign countries. Therefore, though Shougang Steel moved down ex-works prices for low-grade non-grain oriented electrical steel by RMB93.6/t (USD15/t) for domestic sales, the export price didn’t follow suit supported by the regular orders from oversea customers. However, he also discloses that the competition from other domestic electrical steel producers including Baosteel, WISCO and Ansteel is strong and US government determined that its electrical steel industry is materially injured by imports of non-oriented electrical steel (NOES) from China at the end of last year. As a result, he is not quite optimistic about the coming export market and prefers to hold a wait-and-see attitude towards it.

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